Thoughts on Buy and Hold in Detroit
Hello,
Detroit! Good, bad, or ugly for buy and hold rental property? I'd love to hear your story.
I'm researching markets for my first investment and I obviously want to go where the math makes sense.
If you are a Detroit investor - How long have you had your property(ies)? How is the job growth? Are you a local or out of state?
Since I'm in California, one option is to find a reputable turnkey company. On that note, anyone have experience with turnkeys? I feel like they're too good to be true, but maybe I'm wrong.
Thought or suggestions are greatly appreciated.
Thanks!
-Brenda